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Do you guys have any idea yet? I will give you couple minutes to brainstorm one example as partners.
School supplies would be an of scarcity? For example notebooks.
Good Job! That is a very good example. Tomorrow we will be talking about opportunity cost so be prepared to share some examples.
Today has been a very long day! Thank goodness!
Isn't opportunity cost when someone may miss out on choosing one alternative over another?
Hi class today is a new day, new classroom and new topic. Does anyone know what opportunity cost is?
When Someone gives up going to see a movie to study for a test in order to get a good grade.
That is correct! Give me an example please
Someone gives up going to see a movie to study for a test in order to get a good grade. Give up going on a vacation to work for your job Choosing between an ice cream flavor
I wrote a couple on the board but the topic should not be as hard as yesterday
We are also gonna talk about the four factors of production today but instead of doing in the classroom, I decided that we are going to go outside.

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